U.S. retail sales monthly rate in September was 0.4%, reinforcing expectations of a 25 basis point rate cut by the Federal Reserve

Odaily News U.S. retail sales rose slightly more than expected in September, supporting the view that the economy maintained strong growth in the third quarter. U.S. retail sales rose 0.4% month-on-month in September, compared with an unrevised increase of 0.1% in August. Signs of economic recovery may not prevent the Federal Reserve from cutting interest rates again next month, but will strengthen expectations of a 25 basis point cut. (Jinshi)